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TikTok owner ByteDance is now China's biggest buyer of Nvidia chips as it seeks to lead AI race, report says

Dec 09, 2024 - businessinsider.com
ByteDance, the owner of TikTok, has become Nvidia's largest buyer of AI chips in China, despite US regulations barring China from acquiring Nvidia's advanced H100 GPUs. The company is circumventing the export ban by increasing its computing capacity outside China, with plans for new data centers in Malaysia. ByteDance's efforts are part of a broader strategy to establish itself as a leader in the AI sector, including developing its own AI chip and launching AI-powered tools like StreamVoice and Cici AI.

However, ByteDance faces challenges, including slowed user growth on TikTok and an uncertain future in the US, where a court upheld a ban on the platform unless it is sold. Several investors, including Kevin O'Leary, Steven Mnuchin, and Frank McCourt, have expressed interest in purchasing TikTok. The company continues to attract top AI talent and seeks to disrupt Nvidia's dominance in the AI chip market.

Key takeaways:

  • ByteDance has become Nvidia's largest buyer of AI chips in China, despite US regulations barring China from acquiring Nvidia's advanced H100 GPUs.
  • The company is circumventing the US export ban by increasing its computing capacity outside China, with plans for new data centers in Malaysia.
  • ByteDance is developing its own AI chip for machine learning, modeled after Google's Tensor Processing Unit, to challenge Nvidia's dominance.
  • Amid its AI ambitions, ByteDance faces challenges, including slowed TikTok user growth and a potential ban in the US unless it sells the platform.
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